Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$196M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
Edison International
EIX
|
+$152M |
| 4 |
PPL
PPL Corp
PPL
|
+$122M |
| 5 |
Estee Lauder
EL
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$140M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
ANDV
Andeavor
ANDV
|
+$111M |
| 4 |
LyondellBasell Industries
LYB
|
+$105M |
| 5 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.16% |
| 2 | Energy | 12.63% |
| 3 | Utilities | 8.8% |
| 4 | Financials | 8.17% |
| 5 | Consumer Discretionary | 7.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NETI
201
DELISTED
Eneti Inc.
NETI
| $39.7M | 0.12% |
35,243
+17,283
| +96% | +$18.8M |
|
|
MHFI
202
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $39.2M | 0.11% |
514,252
-204,036
| -28% | -$16M |
|
203
DaVita
DVA
$15.4B
| $38.9M | 0.11% |
565,291
+171,952
| +44% | +$11.4M |
|
|
ZNGA
204
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $38.9M | 0.11% |
9,034,854
-6,296,503
| -41% | -$29M |
|
205
Steel Dynamics
STLD
$36B
| $38.7M | 0.11% |
2,173,186
+2,091,162
| +2,549% | +$36.6M |
|
206
Alliant Energy
LNT
$18.3B
| $38.6M | 0.11% |
1,358,594
+947,484
| +230% | +$25M |
|
|
SLCA
207
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $38.6M | 0.11% |
1,010,759
-598,506
| -37% | -$19.3M |
|
|
BTU
208
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $38.6M | 0.11% |
157,313
+143,233
| +1,017% | +$36.3M |
|
|
DYN
209
DELISTED
Dynegy, Inc.
DYN
| $38.3M | 0.11% |
+1,536,637
| New | +$33.9M |
|
|
XL
210
DELISTED
XL Group Ltd.
XL
| $38.2M | 0.11% |
1,223,063
+951,040
| +350% | +$28.4M |
|
211
Adobe
ADBE
$99.5B
| $38M | 0.11% |
578,174
+224,216
| +63% | +$14.4M |
|
212
Autodesk
ADSK
$49.5B
| $37.7M | 0.11% |
766,646
+263,400
| +52% | +$13.6M |
|
|
RAD
213
DELISTED
Rite Aid Corporation
RAD
| $37.6M | 0.11% |
299,698
-919
| -0.3% | -$112K |
|
214
United Airlines
UAL
$39.4B
| $37.5M | 0.11% |
839,751
+798,551
| +1,938% | +$35.9M |
|
215
Suncor Energy
SU
$79.4B
| $37M | 0.11% |
1,059,421
-158,357
| -13% | -$5.27M |
|
|
ATHN
216
DELISTED
Athenahealth, Inc.
ATHN
| $37M | 0.11% |
230,952
+121,671
| +111% | +$20M |
|
217
SEI Investments
SEIC
$12.4B
| $37M | 0.11% |
1,099,891
+680,901
| +163% | +$23.1M |
|
|
SPPI
218
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $36.9M | 0.11% |
4,703,190
+967,332
| +26% | +$8.19M |
|
|
AET
219
DELISTED
Aetna Inc
AET
| $36.8M | 0.11% |
491,053
+459,513
| +1,457% | +$32.5M |
|
|
FCE.A
220
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $36.7M | 0.11% |
1,922,100
+1,021,526
| +113% | +$19.3M |
|
221
Flowserve
FLS
$9.71B
| $36.6M | 0.11% |
466,617
+425,299
| +1,029% | +$32.6M |
|
222
Arrowhead Research
ARWR
$11.9B
| $36.5M | 0.11% |
2,225,175
+1,362,316
| +158% | +$23.9M |
|
223
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $36.4M | 0.11% |
431,545
-40,729
| -9% | -$3.44M |
|
224
Expedia Group
EXPE
$35.4B
| $36.4M | 0.11% |
502,306
+178,221
| +55% | +$12.9M |
|
225
Comcast
CMCSA
$85B
| $36.4M | 0.11% |
1,455,444
-483,282
| -25% | -$12.6M |
|
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Millennium Management's Q1 2014 Portfolio in Review
As of Q1 2014, Millennium Management held 4,356 positions worth $34.5B, up 8.9% from $31.7B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Millennium Management deployed $1.49B of net new capital in Q1 2014, opening 945 new positions and adding to 1,266 existing holdings. Its largest new stake was Bausch Health: 575,504 shares worth $75.9M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Energy and Utilities.
On the sell side, the largest reduction was Ameren, an estimated $140M trimmed.
- Millennium Management's largest Q1 2014 buy was Bausch Health: 575,504 shares worth $75.9M.
- Millennium Management added most to Devon Energy in Q1 2014, an estimated $196M increase.
- Millennium Management's biggest Q1 2014 reduction was Ameren, cutting an estimated $140M.
- Millennium Management fully exited PepsiCo in Q1 2014, selling an estimated $89.1M.
- Millennium Management's ten largest holdings make up 7.9% of its $34.5B portfolio in Q1 2014.
- Millennium Management opened 945 new positions and closed 958 in Q1 2014.
- Millennium Management's portfolio value rose 8.9% quarter-over-quarter to $34.5B.
Based on Millennium Management's 13F filing for Q1 2014, filed 15 May 2014.